Canada jobs surge back in February as Omicron wanes, 3.4 lakh jobs added

 Abstract: Canada added approximately 340,000 jobs in February after the slowdown of the spread of the pandemic virus.

Highlights:

• Additions of approximately 3.4 lakh jobs were made since the COVID-19 infection rates have decreased in Canada.
• The unemployment rate fell to 5.5% from the previous figure of 5.7%.
• Ontario has the highest job opportunities leading with 194,300 posts
• Quebec has an unemployment rate of 4.5%

The boost in the labor market is aiding the Canadian economy after the effects of the pandemic. The Canada jobs Labour Force survey has found that the nation is approaching a record-breaking employment rate of 94.6%. Quebec and Ontario are leading in job opportunities. *Check your eligibility to Canada by Y-Axis Canada Immigration Points Calculator.

The Labour Force report

The Labour Force report states that the unemployment rate in Canada is the lowest in the past fifty years. Recently, the pandemic restrictions were relaxed, which has led to a boost in the economy. The men between the age of twenty-five to fifty-four saw the employment rate of this section rise to 88.2%. The women citizens saw a rise of 81% in the employment rate. The increase has women in both part-time and full-time jobs. In contrast, men's employment is concentrated solely in full-time positions. The Bank of Canada is optimistic that the economy will progress to its best. A 6 more interest increase is expected as the central bank hiked up the cycle.

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Analysis of the Canadian Labour Force Survey

These are employment data of Canada found in the Labour Force Survey.

Categories	Figures
Unemployment rate	5.5
Employment rate	61.8
Labour force participation rate	65.4
Number unemployed	11,35,500
Number working	1,95,12,700
Youth (15-24) unemployment rate	10.9
Men (over 25) unemployment rate	4.7
Women (over 25) unemployment rate	4.5

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Job reports of the provinces of Canada

Ontario, Quebec, and Newfoundland and Labrador saw the highest job opportunities in Canada. The details are given in the table below.

Province	Number of Jobs	Unemployment Rate (in %)
Ontario	194,300	5.5
Quebec	81,500	4.5
Newfoundland and Labrador	9500	12.3
Prince Edward Island	3,300	NA
Nova Scotia	3,700	NA
New Brunswick	1200	NA

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